PRIMAX: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PRIMAX
Largest movements
- Tangible fixed assets +€848,196
up €848,196 (+31.7%), from €2.7m to €3.5m
of which Land and buildings: +€820,747
- Receivables within one year +€107,135
up €107,135 (+150,048%), from €71 to €107,206
of which Trade receivables: +€106,017
- Trade debts +€509,307
up €509,307 (+241%), from €211,635 to €720,942
- Other debts -€492,915
down €492,915 (-63.7%), from €773,551 to €280,635
- Debts after one year +€450,723
up €450,723 (+22.2%), from €2.0m to €2.5m
- Short-term financial debts +€400,000
new in 2025: €400,000
- Profit (loss) carried forward +€76,293
up €76,293 (+15.9%), from -€478,533 to -€402,240
- Gross operating margin +€485,788
up €485,788, from -€7,129 to €478,659
- Staff costs +€127,427
new in 2025: €127,427
- Depreciation +€64,885
up €64,885 (+78.1%), from €83,086 to €147,971
- Financial charges +€18,998
up €18,998 (+37.8%), from €50,238 to €69,236
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,679,701 | €3,664,299 | +€984,598 | +36.7% |
| Fixed assets | 21/28 | €2,676,940 | €3,535,580 | +€858,640 | +32.1% |
| Intangible fixed assets | 21 | - | €8,194 | +€8,194 | |
| Tangible fixed assets | 22/27 | €2,676,940 | €3,525,136 | +€848,196 | +31.7% |
| Land and buildings | 22 | €2,676,940 | €3,497,687 | +€820,747 | +30.7% |
| Furniture and vehicles | 24 | - | €27,449 | +€27,449 | |
| Financial fixed assets | 28 | - | €2,250 | +€2,250 | |
| Current assets | 29/58 | €2,762 | €128,720 | +€125,958 | +4,561% |
| Amounts receivable within one year | 40/41 | €71 | €107,206 | +€107,135 | +150,048% |
| Trade receivables | 40 | - | €106,017 | +€106,017 | |
| Other amounts receivable | 41 | €71 | €1,189 | +€1,117 | +1,565% |
| Cash at bank and in hand | 54/58 | €1,512 | €5,523 | +€4,011 | +265% |
| Deferred charges and accrued income | 490/1 | €1,178 | €15,991 | +€14,813 | +1,257% |
| Total equity and liabilities | 10/49 | €2,679,701 | €3,664,299 | +€984,598 | +36.7% |
| Equity | 10/15 | -€465,609 | -€389,316 | +€76,293 | +16.4% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €324 | €324 | = | 0.0% |
| Non-distributable reserves | 130/1 | €324 | €324 | = | 0.0% |
| Reserves not available under the articles | 1311 | €324 | €324 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€478,533 | -€402,240 | +€76,293 | +15.9% |
| Amounts payable | 17/49 | €3,145,310 | €4,053,615 | +€908,305 | +28.9% |
| Amounts payable after more than one year | 17 | €2,031,071 | €2,481,795 | +€450,723 | +22.2% |
| Financial debts | 170/4 | €2,031,071 | €2,481,795 | +€450,723 | +22.2% |
| Amounts payable within one year | 42/48 | €1,108,178 | €1,565,759 | +€457,581 | +41.3% |
| Current portion of amounts payable after more than one year | 42 | €122,992 | €129,277 | +€6,285 | +5.1% |
| Financial debts | 43 | - | €400,000 | +€400,000 | |
| Credit institutions | 430/8 | - | €400,000 | +€400,000 | |
| Trade debts | 44 | €211,635 | €720,942 | +€509,307 | +241% |
| Suppliers | 440/4 | €211,635 | €720,942 | +€509,307 | +241% |
| Taxes, remuneration and social security | 45 | - | €34,905 | +€34,905 | |
| Taxes | 450/3 | - | €25,521 | +€25,521 | |
| Remuneration and social security | 454/9 | - | €9,384 | +€9,384 | |
| Other amounts payable | 47/48 | €773,551 | €280,635 | -€492,915 | -63.7% |
| Accrued charges and deferred income | 492/3 | €6,061 | €6,061 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €127,427 | +€127,427 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,086 | €147,971 | +€64,885 | +78.1% |
| Other operating charges | 640/8 | €8,585 | €7,703 | -€882 | -10.3% |
| Non-recurring operating charges | 66A | - | €49,960 | +€49,960 | |
| Gross operating margin | 9900 | -€7,129 | €478,659 | +€485,788 | |
| Operating profit (loss) | 9901 | -€98,800 | €145,599 | +€244,399 | |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €50,238 | €69,236 | +€18,998 | +37.8% |
| Recurring financial charges | 65 | €50,238 | €69,236 | +€18,998 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | -€149,038 | €76,373 | +€225,412 | |
| Income taxes | 67/77 | - | €80 | +€80 | |
| Profit (loss) for the period | 9904 | -€149,038 | €76,293 | +€225,331 | |
| Profit (loss) for the period to be appropriated | 9905 | -€149,038 | €76,293 | +€225,331 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.